Bonfiglioli Transmissions IPO sees 24% GMP on Day 2
In short
Bonfiglioli Transmissions’ IPO opened Day 2 with a 24% grey market premium and 48% subscription on Day 1. The offer is a Rs 2,533.66-crore offer for sale priced at Rs 558-586 a share.
This matters because investors are watching demand for the issue. The report does not say the final subscription or listing outcome yet.
What the reporting says
Bonfiglioli Transmissions’ IPO entered Day 2 with a 24% grey market premium and 48% overall subscription on Day 1, according to the publisher-supplied summary. The Rs 2,533.66-crore offer for sale is priced at Rs 558-586 per share, and Anand Rathi recommended subscribing for the long term. The key unknown is whether demand stays strong through the rest of the issue.
Why it matters
Bonfiglioli Transmissions’ IPO is in Day 2 of subscription with a reported 24% GMP and 48% subscription on Day 1. The issue is a Rs 2,533.66-crore offer for sale in the Rs 558-586 price band. Anand Rathi’s long-term subscription view reflects confidence in automation growth, but the available reporting also notes valuation concerns and does not show the final demand outcome.